PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1514359
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1514359
Please contact us using the inquiry form for pricing information.
Global Market Insights Inc. offers GMIPulse, a cutting-edge, Business Intelligence (BI)-enabled platform designed to deliver the finest strategic value. GMIPulse offers an adaptable subscription service, customizable to meet your unique needs, providing comprehensive and granular market data, competitive landscape insights, and an in-depth understanding of industry ecosystems. This platform is your go-to solution for all market research needs, ensuring you stay ahead with the latest trends and technological advancements.
The professional services industry encompasses a wide range of sectors essential for business operations and strategic growth. GMIPulse provides in-depth insights into the following key clusters within the professional services industry:
The Accounting services industry is on a path to tremendous growth until 2034. According to Capstone's 2024 Middle Market Business Owners Survey, nearly one-third (32.4%) of US business owners in 2024 expect to use accounting and audit support services. Growth is driven by increased regulatory requirements as well as the need for transparency of financials to stakeholders. The large markets include auditing, tax preparation, and bookkeeping services. The shift towards digital accounting and automation is strongly impacting the industry.
The legal services sector is poised to grow at a moderate CAGR from 2025 to 2034, driven by the increasing complexity of legal rules and the need for specialized legal knowledge. In August 2025, Thomson Reuters announced a healthy Q2 for law firms, with demand rising 1.6% and worked rates 7.4% higher, even as productivity fell 1.3%. The LFFI reported increasing direct costs (7.9%) due to talent and technology investments, together with prudence regarding possible market uncertainties. Key sectors are corporate law, intellectual property, and dispute resolution services. Legal tech applications and AI for caseload and research are a major trend.
The market for management consulting is likely to see significant growth from 2025 to 2034 because of the increasing demand for advisory services related to strategy, transforming the business, digitalization, and sustainability. Global management consulting services are approached by consultancy.org using estimates of just over $130 billion in size, which is more than half of the consulting industry. The spending on management consultancy has grown at a CAGR of over 4% in the last few years. Key markets are strategy consulting, operations consulting, and IT consulting. The emphasis on data-driven decision-making and digital transformation is influencing the market forces.
The market for HR services is expected to follow a fair growth pattern during 2025-2034, as it is fueled by the increasing demand for talent management and the optimization of the workforce. The World Employment Confederation reports that global demand for HR services hit record highs in 2021, generating almost Euro-579 billion in revenues-a staggering 22.6% increase from 2020. Major segments are recruitment, training and development, and payroll services.
The travel and tourism market is expected to grow with the demand pent up, digital changes and shifts in consumer preferences across leisure, business and niche travel.
Adventure tourism is part of exceptional growth, with the adventure tourism market valued at USD 483.3 billion in 2023, expected to grow at a CAGR of 15.2% from 2024 to 2032, and investment churning into adventure tourism. The B2B Travel Market was valued at USD 30.7 billion in 2023, and it is also estimated to increase at 10.6% CAGR from 2024 to 2032, in line with the corporate travel recovery and expansion. The vacation rental market also grew to a size of USD 99.6 billion in 2023 with greater than 3.7% CAGR from 2024 to 2032, as disposable incomes grow in the emerging markets.
The travel accommodation market grew to USD 775.1 billion in 2023 and is expected to have 8.6% CAGR from 2024 to 2032, as the corporate sector expands and businesses globalize. The online travel market also grew to a size greater than USD 600.5 billion in 2023 and is expected to grow at 7% CAGR from 2024 to 2032 as internet penetration and digital connectivity expand.
Digital transformation is changing travel experiences through mobile booking platforms, virtual tourism technology, and AI driven personalization.
GMIPulse offers unparalleled strategic value through its BI-enabled platform. With its customizable and interactive interface, accurate data, and comprehensive market insights, GMIPulse is your essential tool for staying ahead in the competitive professional services market landscape. Subscribe today to unlock the full potential of your market research and strategic planning capabilities.
Please contact us using the inquiry form for pricing information.